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Aug 16, 2013
08/13
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. >>> an update on detroit's bankruptcy. the federal judge presiding over the biggest bankruptcy filing in u.s. history order add mediator to handle negotiations with the city's unions and two largest pension funds. the idea is to save money on litigation against the city and speed up a resolution of this historic bankruptcy. >>> turning now to egypt. another day of violence and bloodshed as the military police continue their assault on supporters of oust the president mohamed morsi. from cairo, we have more. >> reporter: a very tense cairo here tonight as supporters of ousted president mohamed morsi continue to clash with security forces, not just here in cairo but across the country. it started after the protesters called for a million-man march, a friday of rage after friday prayers, and that did materialize. what happened around the square area and also some of the bridges, a lot of people have been killed. the images we've seen are very disturbing, very bloody images and mass gunmen in operation with ak-47s entrenching
. >>> an update on detroit's bankruptcy. the federal judge presiding over the biggest bankruptcy filing in u.s. history order add mediator to handle negotiations with the city's unions and two largest pension funds. the idea is to save money on litigation against the city and speed up a resolution of this historic bankruptcy. >>> turning now to egypt. another day of violence and bloodshed as the military police continue their assault on supporters of oust the president mohamed...
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Aug 2, 2013
08/13
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CNBC
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outside detroit in the states and around the world. so the direct impact on the industry will be quite, you know, minimal, but the people that work for gm live in detroit and obviously that's an area of concern for us, but, you know, from the perspective of auto sales and the performance of the industry and its employment, you'll not see much of the impact if any. >> we'll leave it there. thank you so much. we'll see you soon. >>> coming up next, what does the earnings report mean for ben bernanke. former fed governor randall kroszner will give us his take. >>> then he was once the richest man. iky batista has lost some $33 billion in 16 months. we'll find out what happened. >>> then millions of time warner customers are less than an hour away from losing all cbs programming. 'll get the very latest. >>> plus, oscar-winning actor george clooney is not in the air when it comes to dan loeb, the activist investor. he's slamming dan loeb for what he sees as meddling in the sony movie business. stay with us. we'll be back in a moment. a tal
outside detroit in the states and around the world. so the direct impact on the industry will be quite, you know, minimal, but the people that work for gm live in detroit and obviously that's an area of concern for us, but, you know, from the perspective of auto sales and the performance of the industry and its employment, you'll not see much of the impact if any. >> we'll leave it there. thank you so much. we'll see you soon. >>> coming up next, what does the earnings report...
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Aug 20, 2013
08/13
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KQEH
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. >>> today was deadline day in detroit for creditors to file objections to the city's filing for chapter 9 bankruptcy protection, and dozens of creditors did just that. most of the earliest objections came from individual retirees worried about their pensions and benefits. the largest creditors in the case plan to file a joint objection. >>> more violence in egypt today. the death toll is now more than 1,000. since protests against the ousted islamist president mohamed morsi erupted last week. now a court ruled to release another ex-president, mubarak. that could trigger more unrest. here is the latest from cairo. >> reporter: it's been another turbulent 24 hours for egypt. starting off with violence in the northern part of the sinai peninsula where we understand that 25 police were ambushed and executed with a machine gun. three of them remain critically injured. that comes off the back of an attempted prison break, we understand from the egyptian ministry of interior, where 36 supporters of president mohamed morsi were killed. the violence is likely to flare further. the discussion abo
. >>> today was deadline day in detroit for creditors to file objections to the city's filing for chapter 9 bankruptcy protection, and dozens of creditors did just that. most of the earliest objections came from individual retirees worried about their pensions and benefits. the largest creditors in the case plan to file a joint objection. >>> more violence in egypt today. the death toll is now more than 1,000. since protests against the ousted islamist president mohamed morsi...
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Aug 15, 2013
08/13
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FBC
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cheryl: and could new york be the next detroit? wow. michael bloomberg, he's raising red flags about the big apple's fiscal health. how concerned should investors be? you like those new york bonds, don't you? ♪ ♪ she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical h
cheryl: and could new york be the next detroit? wow. michael bloomberg, he's raising red flags about the big apple's fiscal health. how concerned should investors be? you like those new york bonds, don't you? ♪ ♪ she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be...
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Aug 5, 2013
08/13
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KICU
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detroit is speeding up its plan to move through bankruptcy. the city is aiming to file a restructuring plan by the end of the year. that's ahead of schedule. a federal judge earlier proposed a deadline of next march. meanwhile, tomorrow, voters will head to the polls for the city's primary election for mayor and city council. chris gautz, a reporter with crain's chicago business, tells us the elections add a layer of complexity to detroit's current financial situation. "once they take office, they really aren't going to have a whole lot of power because there is still this emergency manager that will be in charge of many things, and they will be running a city that is in the middle of a federal bankruptcy hearing." meanwhile, officers in the police and fire departments are going to have their paychecks cut. how big a cut? 10% for 1,600 officers. the lower pay will be reflected in september paychecks. pilots in greece are airing their frustration. the country's civil avaition union is calling for a 3-day strike at the end of the week. it will s
detroit is speeding up its plan to move through bankruptcy. the city is aiming to file a restructuring plan by the end of the year. that's ahead of schedule. a federal judge earlier proposed a deadline of next march. meanwhile, tomorrow, voters will head to the polls for the city's primary election for mayor and city council. chris gautz, a reporter with crain's chicago business, tells us the elections add a layer of complexity to detroit's current financial situation. "once they take...
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Aug 16, 2013
08/13
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CNBC
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. >> texas isn't detroit. but does detroit have any impact on what was happening with that muni bond? >> i think it is, it is scarying investors. it's very tough to be a retail investor in a lot of these markets right now. because you don't have the visibility. you mentioned the detroit situation. that's going to be interesting. the thing that's going on in california also, there is a lot of things set about who has priority in these cases. >> are you talking specifically the town considering taking back through em90 domain? >> that's not really what i'm talking about. it's more about the fight between the pensioners and the hoerlsd and the rest of the players in these situations. >> it could happen on a federal level. you are talking a 30-year bond. it's a long time to hold out. >> definitely. at 10%. that's a crazy number. so my.is the that any sort of normalization of these markets will see those, a nice inflation and total return in a i'm in like that. so we like those things. there are more and more of th
. >> texas isn't detroit. but does detroit have any impact on what was happening with that muni bond? >> i think it is, it is scarying investors. it's very tough to be a retail investor in a lot of these markets right now. because you don't have the visibility. you mentioned the detroit situation. that's going to be interesting. the thing that's going on in california also, there is a lot of things set about who has priority in these cases. >> are you talking specifically the...
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Aug 17, 2013
08/13
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FOXNEWSW
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could new york city be heading the way of detroit? mayor michael bloom blom said the risk of bankruptcy is role and the successor will have their work out for them. the mayor is punting an expensive problem. david miller examines the city's financial future. >> the new yorkers will elect a new mayor. >> avoiding the hard chose system how detroit went bankrupt. the city workers contributed to detroit's work. and threatening the new york economic stability. they pay nothing for 6.throe billion in annual health care and workers may little for pensions that have taxpayers on the hock. >> the new york city has 10,000 police officers retired who are under 40 and collecting pension and they will collect them for the rest of their lives. >> contracts for all city workers expired three years ago. and the next mayor will be under pressure to win concessions. >> the unions tonight want to negotiate with mayor blom bloom. he is a tough businessman. many remember when the city almost went broke after president ford said no to a bail out. the edito
could new york city be heading the way of detroit? mayor michael bloom blom said the risk of bankruptcy is role and the successor will have their work out for them. the mayor is punting an expensive problem. david miller examines the city's financial future. >> the new yorkers will elect a new mayor. >> avoiding the hard chose system how detroit went bankrupt. the city workers contributed to detroit's work. and threatening the new york economic stability. they pay nothing for...
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thank you it's great to be with you well uni's are in the news we have detroit and we have this prediction from meredith whitney a few years ago which didn't come true in its day are we seeing the first domino right here with detroit is it oh about to fall. well it's not all about to fall and she's correct i believe in her assessment of all of these unfunded pensions etc but to us at the trends journal the did the fall of detroit the bankruptcy is a metaphor for the entire united states so let me explain this is from a it's gone from motown to know. this this was the country you know henry ford giving workers a working wage so they could buy automobiles this is then becomes the place where dionne dust realisation began and america starts sending its jobs to cheap labor markets whether within the states and then overseas and also very importantly it also became the blueprint for america's future in producing garbage quality products you know i'm old enough to remember when automobiles were really great and then they became really crummy and that's when the japanese and all the marketers mov
thank you it's great to be with you well uni's are in the news we have detroit and we have this prediction from meredith whitney a few years ago which didn't come true in its day are we seeing the first domino right here with detroit is it oh about to fall. well it's not all about to fall and she's correct i believe in her assessment of all of these unfunded pensions etc but to us at the trends journal the did the fall of detroit the bankruptcy is a metaphor for the entire united states so let...
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Aug 1, 2013
08/13
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CSPAN2
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when you see pictures of depression and detroit, when you see abandoned housing in detroit , when you see boarded up housing, when you see 50,000 cheryl barnes when you see a once great country, once great nation, once great city lying in the case he think about your politicians who chose to send that money to egypt and not keeping your home. as detroit to case, as the money is stolen has wandered around the world, but as detroit decays, as chicago is overrun with violence, as americans girl to put food on the table, mubarak and his family dined on caviar and champagne. as mubarak fleets to europe for weekends on his jet and live the life of a king, his people rotted in jail indefinitely without charge, without trial. they have been living under martial law for 30 years. you wonder why they aren't happy with us? we have been financing the guy that has been giving them martial law and indefinite detention without trial for 30 years. to add insult to injury when they protest against their government they are doused with tear-gas made in our country. foreign-aid does not go to a foreign
when you see pictures of depression and detroit, when you see abandoned housing in detroit , when you see boarded up housing, when you see 50,000 cheryl barnes when you see a once great country, once great nation, once great city lying in the case he think about your politicians who chose to send that money to egypt and not keeping your home. as detroit to case, as the money is stolen has wandered around the world, but as detroit decays, as chicago is overrun with violence, as americans girl to...
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Aug 2, 2013
08/13
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KQEH
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general motors topped detroit's big three in sales growth with a 16% increase and as you can see they are ford and chrysler posed sales increases of 11%. >> and ford motors in the meantime agreed to pay a top fine to settle a fight. ford will pay the government 7.35 million to settle allegations it was slow to recall nearly a half million ford escapes last year to fix sticking gas peddles. ford knew about the problem, back in may of 2011 but failed to take action until the agency began the investigation a year later. >>> the billionaire investor carl icon is suing dell in an attempt to stop proposed rule changes for tomorrow's scheduled shareholder vote on michael dell's 24 billion-dollar off. it is aimed at stopping dell from rescheduling the vote and changing the record date. mr. icon believes changing the record date could color the outlook outcome but letting more recent shareholders vote. >>> the international trade commission is delaying the decision until august 9th whether to ban certain samsung phones. commission ruled apple violated some samsung patents and the ban on some i
general motors topped detroit's big three in sales growth with a 16% increase and as you can see they are ford and chrysler posed sales increases of 11%. >> and ford motors in the meantime agreed to pay a top fine to settle a fight. ford will pay the government 7.35 million to settle allegations it was slow to recall nearly a half million ford escapes last year to fix sticking gas peddles. ford knew about the problem, back in may of 2011 but failed to take action until the agency began...
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the development and detroit car bob and i mirror as i hope all yours that i'm going to be over because there's a lot more to cover next week from everyone at prime interest i'm very i'm boring you have a great week and. the interview. feel good. do we speak your language or not a day in. the news programs and documentaries and spanish more matters to you breaking news a little too much of angles kid stories. here. to try to alter the spanish find out more visit i. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom harvey welcome to the big picture. phone. in the pool cairo suburb of ten year old mina likes to escape from his tiny apartment on the rooftops there you can see the crosses on top of the local church where policemen enjoy the intensity and heat next to the entrance it's unlikely that mina realizes his father knows like a tia a humble government employee was killed on this very roof. a sniper's bullet caught h
the development and detroit car bob and i mirror as i hope all yours that i'm going to be over because there's a lot more to cover next week from everyone at prime interest i'm very i'm boring you have a great week and. the interview. feel good. do we speak your language or not a day in. the news programs and documentaries and spanish more matters to you breaking news a little too much of angles kid stories. here. to try to alter the spanish find out more visit i. you know sometimes you see a...
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Aug 14, 2013
08/13
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MSNBCW
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in detroit billboards paid by the city urged citizens to vote on september 2nd. but voting day is actually in october. candidates with more twitter mentions than their opponent won 404 of the 406 elections. it didn't matter if the twitter mentions were positive or negative. >>> actress jennifer garner seems optimistic about her husband ben affleck's future in politics. she tells "people" magazine that she wouldn't be surprise to see him go into politics. >>> first lady michelle obama is releasing a rap cd. michelle obama unfortunately does not sing on the album. that's your morning's dish of scrambled politics. >>> for the weather i'm joined by bill karins. >>> this morning, hope windows are open in many areas of the country. the 24-hour temperature change has made its way to the east coast. columbus is 16 degrees cooler than this time yesterday. d.c. is about 13 degrees cooler. it's 51 degrees right now in detroit, i mean, that's cool, that's jacket weather. same for buffalo and columbus, that cool air is making its way to the east coast. now, one little thing o
in detroit billboards paid by the city urged citizens to vote on september 2nd. but voting day is actually in october. candidates with more twitter mentions than their opponent won 404 of the 406 elections. it didn't matter if the twitter mentions were positive or negative. >>> actress jennifer garner seems optimistic about her husband ben affleck's future in politics. she tells "people" magazine that she wouldn't be surprise to see him go into politics. >>> first...
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Aug 17, 2013
08/13
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FOXNEWSW
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the mayor says new could be the next detroit. coming up next, what he says could put the city on a path to bankruptcy. and her husband made the ultimate sacrifice. why the wife of an arizona firefighter killed in the line of duty is fighting for benefits. any last requests mr. baldwin? do you mind grabbing my phone and opening the capital one purchase eraser? i need to redeem some venture miles before my demise. okay. it's easy to erase any recent travel expense i want. just pick that flight right there. mmm hmmm. give it a few taps, and...it's taken care of. this is pretty easy, and i see it works on hotels too. you bet. now if you like that, press the red button on top. ♪ how did he not see that coming? what's in your wallet? ♪ the middle of this special moment and i need to run off to the bathroom. ♪ i'm fed up with always having to put my bladder's needs ahead of my daughter. ♪ so today, i'm finally talking to my doctor about overactive bladder symptoms. [ female announcer ] know that gotta go feeling? ask your doctor
the mayor says new could be the next detroit. coming up next, what he says could put the city on a path to bankruptcy. and her husband made the ultimate sacrifice. why the wife of an arizona firefighter killed in the line of duty is fighting for benefits. any last requests mr. baldwin? do you mind grabbing my phone and opening the capital one purchase eraser? i need to redeem some venture miles before my demise. okay. it's easy to erase any recent travel expense i want. just pick that flight...
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Aug 22, 2013
08/13
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LINKTV
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best- known crime writers, and one month after suffering a stroke, elmore leonard died at his home in detroit tuesday. amongst his 45 gritty novels were bestsellers that inspired films such as "shorty" and "jackie brown." william hildebrand takes a look back at his life. had a ritual.ard first, write by hand, then on a typewriter. of america's most foremost crime writers and said he would never quit his passion of telling stories. >> there is no reason to. this is the most enjoyable thing i do. i have been doing it for nearly 60 years. theas very hard in beginning. >> his first five novels were westerns, but when the market shrank, he jumped to crime. many stories were adapted to screen. brown" was drawn from the novel. when you absolutely, positively have to kill every mother in the room, there is no substitute. leonard was praised for creating zany characters that use realistic dialogue. another hallmark characteristic, brevity. me"the new york times" asked if i would review a tom clancy book. they said it is only 400 and some pages. i said i don't read books more than 300 pages. intoxicati
best- known crime writers, and one month after suffering a stroke, elmore leonard died at his home in detroit tuesday. amongst his 45 gritty novels were bestsellers that inspired films such as "shorty" and "jackie brown." william hildebrand takes a look back at his life. had a ritual.ard first, write by hand, then on a typewriter. of america's most foremost crime writers and said he would never quit his passion of telling stories. >> there is no reason to. this is the...
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Aug 7, 2013
08/13
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MSNBC
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and the greater detroit region. we have an incredible talent in this city, hard-working people, entrepreneurs and if you just think of the intellectual talent in this area, we have more engineers per capita than any other region of the country. we have folks who are creating new jobs here. we've got a downtown that's bounding back. we have people investing in it. >> you have? >> we're focused on the future. >> allow me to let you listen to senator rand paul, who spoke about the potential for the government bailout of detroit. take a listen to this. >> there is a way in an economically depressed zone to have some tax forbearance, reduce taxes, encourage businesses, encourage people to come in and take abandoned property. there are ways we could do it in a republican fashion, but i will not be for borrowing any money from china to try to bail out detroit, particularly if they continue the same policies. >> he went on to say that detroit simply needs to elect some republican leaders. is that the solution? >> it's not t
and the greater detroit region. we have an incredible talent in this city, hard-working people, entrepreneurs and if you just think of the intellectual talent in this area, we have more engineers per capita than any other region of the country. we have folks who are creating new jobs here. we've got a downtown that's bounding back. we have people investing in it. >> you have? >> we're focused on the future. >> allow me to let you listen to senator rand paul, who spoke about...
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other thing about detroit may be different from chicago and detroit. people were leaving detroit en masse. all the public services were just going downhill too, right, quickly. >> tax base here is in much better shape, david, much better shape in chicago. like any company. if you're still making things people want, people will invest in you. liz: indeed. jeff flock, thank you very much. david: good stuff, jeff. appreciate it. liz: coming up neil cavuto, during cav cav, will have billionaire sam zell coming up. david: maybe he will say something about icahn. meanwhile "money" with melissa francis is next. stay tuned. you make a great team. it's been that way since e day you met. but your erectile dysfunction - itld be a question of blood flow. cialis tadalafil for daily use helps you be ready anime the moment's right. you cabe more confident in your abity to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph like needing to go frequentlyr urgently. tell your doctor about all your medical conditions and med
other thing about detroit may be different from chicago and detroit. people were leaving detroit en masse. all the public services were just going downhill too, right, quickly. >> tax base here is in much better shape, david, much better shape in chicago. like any company. if you're still making things people want, people will invest in you. liz: indeed. jeff flock, thank you very much. david: good stuff, jeff. appreciate it. liz: coming up neil cavuto, during cav cav, will have...
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Aug 22, 2013
08/13
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ALJAZAM
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she's joining us from detroit ve. >> skype. i want you to know how excited the team here is to speak with you and thank you for joining us so early. we appreciate it. how are you finding your workforce? how you are connecting with them? >> we are -- well thank you for having me, very excited to be here, as well. we are actually going into she willers and interviewing people that have no idea we exist and putting applications in front of dozens of individuals every couple of months. >> fantastic. so you're interviewing dozens of people to gather your workforce. how many coats, roughly, have been produced with this amazedding workforce you're finding? >> last year, we did about a thousand coats, and distributed that number just last winter. we are halfway to our goal of hitting 4,000 coats. we actually can be possibly making close to 8500 next year with the same number of ladies. >> you have big goals and you've already accomplished such amazing things. we've heard g.m. mentioned, so there's obviously some donations involved, but
she's joining us from detroit ve. >> skype. i want you to know how excited the team here is to speak with you and thank you for joining us so early. we appreciate it. how are you finding your workforce? how you are connecting with them? >> we are -- well thank you for having me, very excited to be here, as well. we are actually going into she willers and interviewing people that have no idea we exist and putting applications in front of dozens of individuals every couple of months....
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Aug 19, 2013
08/13
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FBC
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they are saying is detroit really bankrupt? >> there are a lot of people who will take issue with what detroit is trying to do. it is important to remember before they got here. they are responsible for their own on doing. until a couple years ago, if you are a public safety official in detroit, you could retire at 55 with 80% of your salary and health care. this is the day of reckoning. it is important that this be done right. this is the first city that is trying. dagen: that raises the issue. so many others have been thrown up their. those cities would not act, with day, jason, until it is clear that detroit can do this. >> that is why it is so important here. they are saying that this violates the constitution. you cannot reduce benefits for retirees. that violates the state constitution. what some of us are hoping is these contracts can be renegotiated. if they get away with protecting retiree benefits through this chapter nine filing, what you will see is other cities using chapter nine. we do not want it to happen. that
they are saying is detroit really bankrupt? >> there are a lot of people who will take issue with what detroit is trying to do. it is important to remember before they got here. they are responsible for their own on doing. until a couple years ago, if you are a public safety official in detroit, you could retire at 55 with 80% of your salary and health care. this is the day of reckoning. it is important that this be done right. this is the first city that is trying. dagen: that raises the...
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Aug 14, 2013
08/13
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KNTV
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. >>> a detroit police chief is apologizing after accidently sending out the bra sizes of some female police officers. he says the information was used for measuring bullet proof vests and was an unfortunate clerical error and not done maliciously. >>> the group of powerball winners from oceans county, new jersey, have claimed their share of that jackpot. each will get about $3.8 million after taxes. got to have that hat on, too, when you claim it, right? >>> more and more celebrities are turning to surrogacy in order to become parents. a study released this week by the centers of disease control show infertility rates have not changed in the last 20 years, still affecting 1 in 6 couples. surrogacy has helped people like jimmy fallon live their dream of becoming parents. >> announcer: early today health brought by vagisil. >>> okay, now to business. >> richard, apple stock had its second best day of the year, up 5% after carl icon tweeted he's bought a sizable stake in the iphone maker. i con says he had a friendly chat with tim cook, urging him to return more of the company's cash to
. >>> a detroit police chief is apologizing after accidently sending out the bra sizes of some female police officers. he says the information was used for measuring bullet proof vests and was an unfortunate clerical error and not done maliciously. >>> the group of powerball winners from oceans county, new jersey, have claimed their share of that jackpot. each will get about $3.8 million after taxes. got to have that hat on, too, when you claim it, right? >>> more and...
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Aug 19, 2013
08/13
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WMAR
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. >> reporter: meet this retired detroit area cop. >> i said when i got a chance to speak out i would. >> reporter: he says it's what you might suspect, cities and counties make a whole lot of money off of speed traps. >> it's like a dirty secret. >> reporter: along i 7 1 the speed limit drops to 60 for 134 seconds on the highway. before a court stepped in last winter, the tiny town collected $800,000 a year. along i 10 tickets from a speed limit change at the bottom of this bridge covered 80% of the budget for henderson, louisiana. across the country drivers are taking note, reporting 78,000 speed traps since 2000. a warning, the cities with the most traps are colorado springs, denver, vegas, boston and the number one is houston. all those frustrated drivers who feel they have been pulled over in a speed trap, authorities say when there is a hill and the speed limit is 25 mile per hour, it's not a trap, it's about public safety. my police chief in georgia took me out for driver's ed near a hill i had 2rutrouble with near home. the bottom of the hill is a classic spot. we know that sp
. >> reporter: meet this retired detroit area cop. >> i said when i got a chance to speak out i would. >> reporter: he says it's what you might suspect, cities and counties make a whole lot of money off of speed traps. >> it's like a dirty secret. >> reporter: along i 7 1 the speed limit drops to 60 for 134 seconds on the highway. before a court stepped in last winter, the tiny town collected $800,000 a year. along i 10 tickets from a speed limit change at the...
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is but their pension obligations are, their pension system is in worse shape than detroit's, detroit's system is considered an argument how well funded it is but they have four pension systems in chicago, one of them is only 25% funded and the other one is only 38% funded. lori: may be funded through property taxes. no one will raise property taxes. >> interesting you say that. former chief financial officer of chicago did an estimate, in order to pay the bill they would have to raise property taxes 50% to 100%. lori: who is going to vote for that? >> the illinois constitution says you have to pay the pensions so here you have the immovable object and irresistible force. >> any other sources? >> no matter where the money comes from is coming from taxpayers, not the state of illinois. they are a fiscal mess. they don't have enough money to put in their pension system. they have been borrowing billions every year and i can't think of another state with a fiscal problem that the level they do so is not from illinois. lori: is in a domino situation? we watched detroit and now chicago, woul
is but their pension obligations are, their pension system is in worse shape than detroit's, detroit's system is considered an argument how well funded it is but they have four pension systems in chicago, one of them is only 25% funded and the other one is only 38% funded. lori: may be funded through property taxes. no one will raise property taxes. >> interesting you say that. former chief financial officer of chicago did an estimate, in order to pay the bill they would have to raise...
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Aug 1, 2013
08/13
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>> eric, i know you're joining us from detroit. a quick question regarding the sales for you guys, up more than 11%. but when you take a look at where trucks were, the real engine of your growth. are you seeing strength in one particular area of truck sales around the country, or is it pretty much across the board? >> it's pretty much across the board, phil. we are seeing some strength in some of the hotter housing markets, such as in california, new york and places like miami, but we're seeing truck strength really across the board. there really aren't any regions across the country that are down on trucks right now. >> while your truck sales were up 22.6%, i want to talk about the fusion, which is your top-selling car. sales down 12%. i know you were supply constrained because you were ramping up production at your flat rock assembly plant, but it brings up the question, did you leave some sales on the table last month? >> well, certainly if we had more inventory on some of our key vehicles like the fusion, we probably could have
>> eric, i know you're joining us from detroit. a quick question regarding the sales for you guys, up more than 11%. but when you take a look at where trucks were, the real engine of your growth. are you seeing strength in one particular area of truck sales around the country, or is it pretty much across the board? >> it's pretty much across the board, phil. we are seeing some strength in some of the hotter housing markets, such as in california, new york and places like miami, but...
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Aug 26, 2013
08/13
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ALJAZAM
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college has sky rocketed and so has the salaries of president and one man who has not turned his back on detroit and they see opportunity where others see a dying city and this is real money.
college has sky rocketed and so has the salaries of president and one man who has not turned his back on detroit and they see opportunity where others see a dying city and this is real money.
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Aug 16, 2013
08/13
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detroit rockers now are the l.a. kiss. yes, kiss, as in rock and roll. gene simmons, paul stanley. simmons says an l.a. kiss game will be like a kiss concert. he said it's going to be thrilling and heart pounding action if you go to that one. >>> in london, trying to save 300 tigers in the world, what do we have here? 300 naked people. >> i think i did something like that in zpleej many people considered that. they ran 900 feet there in the zoo there in london and raised about $93,000, almost $100,000. >> it's a great cause. tigers are amazing animals. declining in the wild. >> they really were behind it. >> thanks so much, richard. it's time to dig deeper into today's top political stories. and for that, we're joined by politico's seven surreally in washington. >> happy friday right back at you. >> the rnc has been holding their summer meeting in boston the last few days and politico says the party is in worse shape now than they were right after the presidential elections. why? >> they're holed up in boston but it's no tea party. i think that really when it comes down to is two t
detroit rockers now are the l.a. kiss. yes, kiss, as in rock and roll. gene simmons, paul stanley. simmons says an l.a. kiss game will be like a kiss concert. he said it's going to be thrilling and heart pounding action if you go to that one. >>> in london, trying to save 300 tigers in the world, what do we have here? 300 naked people. >> i think i did something like that in zpleej many people considered that. they ran 900 feet there in the zoo there in london and raised about...
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Aug 14, 2013
08/13
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CNBC
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let's separate out detroit. is detroit teaching us anything? is there a prognosis for detroit? is there anything to be learned by muni investors based on the horrible detroit experience? >> well, i mean, detroit, i think that what it shows is obvious situations are, you know, an obvious thing to avoid. situations like detroit which has been coming for 50 years is really in the end an actual problem for the market. you know, it could have other effects. i think the governor's plan with respect to detroit is to set some kind of precedent to induce other cities in the state to file. i don't think that that's actually going to happen. filing for bankruptcy is probably one of the very worst things that can happen to a city. so it's hard to see. i've talked to a bunch of mayors. it's hard to see other cities and mayors wanting to follow detroit. nobody wants to be detroit, but as an investor, it just makes you think a little more clearly about what exactly it is you're buying and the kind of situation you are getting yourself into. >> all right. let's now jump into my own backyard. y
let's separate out detroit. is detroit teaching us anything? is there a prognosis for detroit? is there anything to be learned by muni investors based on the horrible detroit experience? >> well, i mean, detroit, i think that what it shows is obvious situations are, you know, an obvious thing to avoid. situations like detroit which has been coming for 50 years is really in the end an actual problem for the market. you know, it could have other effects. i think the governor's plan with...
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Aug 19, 2013
08/13
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not in detroit they didn't. and those are the ones that ultimately have their hands on that crumbling city. i give rick snyder credit, the governor there, for standing up and saying we've got to do something about this. >> and you think the objections from 30 municipal unions, which is no surprise, you think that's going to work or is this going to be thrown out? >> no, i think in the end it's going to be thrown out. you've got to he can power the taxpayers to be in charge. >> we've got a million other questions about this and other things on the other side of the break. please stay with us. governor scott walker of wisconsin will be here. hero: if you had a chance to go anywhere in the world, but you had to leave right now, would you go? man: 'oh i can't go tonight' woman: 'i can't.' hero : that's what expedia asked me. host: book the flight but you have to go right now. hero: (laughs) and i just go? this is for real right? this is for real? i always said one day i'd go to china, just never thought it'd be toda
not in detroit they didn't. and those are the ones that ultimately have their hands on that crumbling city. i give rick snyder credit, the governor there, for standing up and saying we've got to do something about this. >> and you think the objections from 30 municipal unions, which is no surprise, you think that's going to work or is this going to be thrown out? >> no, i think in the end it's going to be thrown out. you've got to he can power the taxpayers to be in charge. >>...
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chicago and detroit? i spent time in both places, anybody who have been to those places say chicago's nothing like detroit, and look at the reasons that it actually doesn't make sense they would be on the same path. chicago, different city than detroit in that there's a strong tax base, a growing population. detroit's population, you know, famously has slunk dramatically. there's companies moving into town, boeing recently relocated its corporate headquarters here, and it's also a multiindustry city, not like detroit with a single industry that drives the town, but here's how they are the same. pensions, it comes down to pensions. municipal pensions. chicago has four pension funds, short about $20 billion. they got a budget deficit of about three-quarters of a million dollars. moody's downgrade the the city, and it's not going to get better as time goes on. in 2015, a new state law requires even more to be put into the pension funds, and that could cause property tax increase of maybe a hundred to 150%. a
chicago and detroit? i spent time in both places, anybody who have been to those places say chicago's nothing like detroit, and look at the reasons that it actually doesn't make sense they would be on the same path. chicago, different city than detroit in that there's a strong tax base, a growing population. detroit's population, you know, famously has slunk dramatically. there's companies moving into town, boeing recently relocated its corporate headquarters here, and it's also a multiindustry...
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Aug 18, 2013
08/13
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they made this decision when they realized the only way to get detroit's finances into order was to go into bankruptcy. so that's one issue. i think in a sense that's fundamentally different from what we're talking about right here. >> lets go back to the big question here, this period reminds me of the end of reconstruction in the south when we started to see black codes and anti-voting measures, boldly in response to the advances around racial justice post civil war. this is a similar type of period we're in. when we talk about the death of the republican party, i don't see that at all. >> hold on one second. i think north carolina is the prototypical. they are enacting the world they want to see. >> discussions in the mainstream media is gop reaching out to new constituencies, are they the party of white people. these aren't theoretical questions. look at north carolina, passed every possible extreme policy, gerry mannedered it for political power. after they passed gerrymandering, political parties they tried to make it harder for all their political apoints to vote. it goes well b
they made this decision when they realized the only way to get detroit's finances into order was to go into bankruptcy. so that's one issue. i think in a sense that's fundamentally different from what we're talking about right here. >> lets go back to the big question here, this period reminds me of the end of reconstruction in the south when we started to see black codes and anti-voting measures, boldly in response to the advances around racial justice post civil war. this is a similar...
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Aug 17, 2013
08/13
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cities can learn from detroit's bankruptcy. across the country, state and knew miss pal pensions are underfunded by more than a trillion dollars. no new york, david lee miller, fox news. >> money, money, money. we're going to keep talking about it. and back to children and how much they cost. >>> apparently they cost a bundle. a new study finds that raising kids is more expensive than ever. coming up, we'll show you ways to actually save big bucks on bringing up your little ones. >>> and egypt coming apart at the seams. what the chaos in the heart of the arab world means for those of is here us here in the unite. , i just think it's better to work with someone. someone you feel you can really partner with. unfortunately, i've found that some brokerage firms don't always encourage that kind of relationship. that's why i stopped working at the old brokerage, and started working for charles schwab. avo: what kind of financial consultant are you looking for? talk to us today. accomplishing even little things can become major victor
cities can learn from detroit's bankruptcy. across the country, state and knew miss pal pensions are underfunded by more than a trillion dollars. no new york, david lee miller, fox news. >> money, money, money. we're going to keep talking about it. and back to children and how much they cost. >>> apparently they cost a bundle. a new study finds that raising kids is more expensive than ever. coming up, we'll show you ways to actually save big bucks on bringing up your little ones....
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Aug 21, 2013
08/13
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neahadly one hundred groups have signed objection to the city of detroit's got for bankruptcy protection. the deadline was monday as midnight. among the filers were the city's largest employee union. it said the city has not proven it's involume sent. detroit faces at least $18 billion in liabilities. >> a federal judge granted california prison officials personaltion to force feed inmates, lodge mg had a seven tweak long hunger strike. about 100 prisoners have refused meals since july 8. they're pro thefting gang leaders violence against inmates. about 70 of the strikers in are in failing health. strikes on wall street pore mentioned today but there are better results from retailers. the nasdaq rose 24 points to chose at 3613. >> >> the best-selling crime novelist elmore leonard died at his home in michigan from complications of had a stroke. leonard published more than 40 novels during his year, many with con men and gangsters as the character. the novel glitz was the number one best-seller. a number of his books made it to the big screen including get shorty and justified. he was 87 y
neahadly one hundred groups have signed objection to the city of detroit's got for bankruptcy protection. the deadline was monday as midnight. among the filers were the city's largest employee union. it said the city has not proven it's involume sent. detroit faces at least $18 billion in liabilities. >> a federal judge granted california prison officials personaltion to force feed inmates, lodge mg had a seven tweak long hunger strike. about 100 prisoners have refused meals since july 8....
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Aug 14, 2013
08/13
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. >>> too much information for detroit cops, and state fair rodeo skit aimed at president obama wrestles up a storm. the grapevine is next. pyramids were actually a mistake? uh-oh. geico. fifteen minutes could save you...well, you know. it's a reality check. i had my reality check when i'd be sitting there with my friends who had their verizon phones and i'd be sitting there like "mine's still loading!" i couldn't get email. i couldn't stream movies. i couldn't upload any of our music. that's when i decided to switch. now that i'm on verizon, everything moves fast. with verizon, i have that reliability. i'm completely happy with verizon. verizon's 4g lte is the most reliable and in more places than any other 4g network. period. that's powerful. verizon. get the nokia lumia 928 for free. >>> and now some fresh pickings from the political grapevine. missouri state fair apparently has zero tolerance policy for making fun of president obama. a rodeo clown that wore a president obama mask has been banned for life and the president of the state association has resigned. this follows outrage fr
. >>> too much information for detroit cops, and state fair rodeo skit aimed at president obama wrestles up a storm. the grapevine is next. pyramids were actually a mistake? uh-oh. geico. fifteen minutes could save you...well, you know. it's a reality check. i had my reality check when i'd be sitting there with my friends who had their verizon phones and i'd be sitting there like "mine's still loading!" i couldn't get email. i couldn't stream movies. i couldn't upload any of...
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Aug 4, 2013
08/13
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peralta from the detroit tigers. those type of players. but nine or ten in all. >> a-rod is the big fish here. has he been injured? playing in the minor leagues. or was this part of the plan so as to bring maybe an easy blow to the yankees team or the fans? could there be a real link here? >> well, he was upset. he said they should send him bag earlier. he was healthy enough to play. he had hip surgery in january and almost about to come back july fourth weekend when he had an injury and so now it's been delayed and he says i'm healthy. the yankees say, okay, looks like you are. all word is he'll be in chicago tonight suiting up to be in the starting lineup tomorrow night against the white sox. >> wow. healthy enough to be suspended and play because he's appealing. bob, thank you so much for your time. appreciate it for this breaking story to us. >> fred, pleasure. thank you. >>> okay. still talking about sports. in a way. next week, how about the pga? how about walt disney and the obama family? what do they have to common? i'll talk about
peralta from the detroit tigers. those type of players. but nine or ten in all. >> a-rod is the big fish here. has he been injured? playing in the minor leagues. or was this part of the plan so as to bring maybe an easy blow to the yankees team or the fans? could there be a real link here? >> well, he was upset. he said they should send him bag earlier. he was healthy enough to play. he had hip surgery in january and almost about to come back july fourth weekend when he had an...
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Aug 22, 2013
08/13
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. >>> detroit could soon have company in bankruptcy court and if other municipalities or states wind up there, it could become the cause of a common affliction. chief national correspondent jim angle tonight on the unfunded pension peril. >> reporter: many state and city workers around the country are worried what happened in detroit may happen to them. abru bankrupt city that starts cut pension benefits. >> there's a tendency to overpromise, underfund them, and when a problem comes up, the actuary says put in so much, they're very ready to just defer that cost onto the next generation. >> reporter: some pensions have been improving, but a study found eight states have less than 60% of funds. illinois the worst at 45%. $138 billion short. >> every year lost is a much bigger challenge as one rolls forward. so they have to make either significant tax changes or they need to make significant benefit changes. >> reporter: politicians have nothing but unpopular choices, cut benefits, raise taxes, cut other programs to get the money. in chicago, that dilemma falls to democratic operative m
. >>> detroit could soon have company in bankruptcy court and if other municipalities or states wind up there, it could become the cause of a common affliction. chief national correspondent jim angle tonight on the unfunded pension peril. >> reporter: many state and city workers around the country are worried what happened in detroit may happen to them. abru bankrupt city that starts cut pension benefits. >> there's a tendency to overpromise, underfund them, and when a...
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detroit altie spanish find out more visit. they all see themselves as dying swans in their dreams. but only one in the cells and will ever make it to the top. they're ready to give their lives for the chance to die on stage if only once. not even broken wings could deter them. for generations at the marine ski theatre ballet sweat and tears. artie's coming to you live from moscow with me rory sushi there are fears that the u.s. dollar is losing its former glory and the world its trust in the currency is a safe haven a major blow him off to germany central bank demanded that the federal reserve return three hundred tons of gold berlin says it needs back guy natures you can explain the assets of foreign nations in the fed may not be secure or perhaps not even there at all. behind these walls is one of the most secretive organizations in the world u.s. federal reserve whether it's nice to audit them it's the wall this place is impenetrable for three years the u.s. federal reserve has been the place where many countries of the word a big chunk of their nations well as the countries wea
detroit altie spanish find out more visit. they all see themselves as dying swans in their dreams. but only one in the cells and will ever make it to the top. they're ready to give their lives for the chance to die on stage if only once. not even broken wings could deter them. for generations at the marine ski theatre ballet sweat and tears. artie's coming to you live from moscow with me rory sushi there are fears that the u.s. dollar is losing its former glory and the world its trust in the...
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Aug 25, 2013
08/13
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ALJAZAM
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i'll tell you about one man whose not turned his back on detroit and still sees opportunity where others see a dying city. i'm ali velshi and this is "real money."
i'll tell you about one man whose not turned his back on detroit and still sees opportunity where others see a dying city. i'm ali velshi and this is "real money."
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Aug 14, 2013
08/13
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bra sizes of female detroit cops mistakenly e-mailed to officers, fox 2 news headlines. lucky them. the detroit computer system isn't bulletproof a commander send their bra sizes to a good portion of the police department. how embarrassing. now my friend manuel summed it up tweeting me barks ah, bankruptcy. >> if you think you are the ultimate football fan check that thought at the door. tweeter superskin tweeted this, maybe the redskins should ask this homeowner to handle it. i know a pack of fans that can one up this one. now it is your turn to hash it out with us. follow me on twitter at greta wire. coming up we have breaking news in the bank hostage standoff. we will go to louisiana for the latest developments after this break. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children sho
bra sizes of female detroit cops mistakenly e-mailed to officers, fox 2 news headlines. lucky them. the detroit computer system isn't bulletproof a commander send their bra sizes to a good portion of the police department. how embarrassing. now my friend manuel summed it up tweeting me barks ah, bankruptcy. >> if you think you are the ultimate football fan check that thought at the door. tweeter superskin tweeted this, maybe the redskins should ask this homeowner to handle it. i know a...
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Aug 19, 2013
08/13
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KNTV
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with 150 square miles burned so far, the beaver creek fire is bigger than the city of philadelphia, detroit or denver. more than 1,000 firefighters are attacking the blaze, but for now, losing the battle. conditions are grueling, teams are fatigued. days are long. this hotshot crew from salt lake city has been on the front lines for 16 hours. their work here is backbreaking. their packs are full of gear, weighing over 40 pounds. the beaver creek fire may be the most dangerous blaze in the country, but it's not the only inferno threatening homes. from california to colorado, 34 major wildfires are scorching the west, the region a tinderbox, a perfect recipe for fire. >> three things affect how a wildfire burns, weather, the topography and the fuels. so, in this case, all the factors are against us. >> reporter: tonight in idaho, against the odds, firefighters battle an unrelenting blaze, one that shows little sign of slowing down. as this fire chews through forest land, crews are making progress, the blaze is 9% contained and despite the massive size of this fire, lester, only one home has b
with 150 square miles burned so far, the beaver creek fire is bigger than the city of philadelphia, detroit or denver. more than 1,000 firefighters are attacking the blaze, but for now, losing the battle. conditions are grueling, teams are fatigued. days are long. this hotshot crew from salt lake city has been on the front lines for 16 hours. their work here is backbreaking. their packs are full of gear, weighing over 40 pounds. the beaver creek fire may be the most dangerous blaze in the...
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Aug 16, 2013
08/13
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detroit is the largest city in the u.s. to declare bankruptcy in the red more than $18 billion. other even larger cities could be next. in a little more than three months, new yorkers will elect a new mayor. in a recent warning from mayor michael bloomberg to his successor is now reverberating around the city. >> avoiding the hard choices is how detroit went bankrupt. >> reporter: bloomberg says health and pension costs for city work that's right contributed to detroit's financial ruin threaten economic stability. most new york city employees and retirees pay nothing for $6.3 billion in health insurance. workers also pay little for tensi pensions that have taxpayers on the hook for $8 billion this year. >> new york city has right now 10,000 police officers retired who are under 40 and collecting pensions and they will technically collect those pensions for the rest of their lives. >> reporter: contracts for almost all 300,000 city workers expired at least three years ago. the next mayor will be under pressure to win concessions. >> the unions have tried to wait it out. they don'
detroit is the largest city in the u.s. to declare bankruptcy in the red more than $18 billion. other even larger cities could be next. in a little more than three months, new yorkers will elect a new mayor. in a recent warning from mayor michael bloomberg to his successor is now reverberating around the city. >> avoiding the hard choices is how detroit went bankrupt. >> reporter: bloomberg says health and pension costs for city work that's right contributed to detroit's financial...
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Aug 15, 2013
08/13
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MSNBCW
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improvised on that day, he has talked about -- he had given that i have a dream earlier in a speech in detroit. it was in the back of his mind. he had not put it in his prepared marks. he was giving more of a policy speech. there had been a lot of talk in the run up to the march about this question, what is it that king should do at this march? should he be more -- should he be talking more policy or should he be preaching? they went in the policy direction until the day and he's standing in front of a quarter of a million people and the perception as we learn from people that were there was that he was losing the crowd a little bit. it was the dream sequence that brought the crowd back and broud brought the crowd on its feet. that's what we remember. it's an amazing thing to think that this huge historic moment for us as americans but also as malala said, for everyone around the world, was an improvisation. >> so fascinating and such a wide range of voices that contributed to this. i'm not sure how you went about choosing. you have jackie robinson's wife and marco rubio and malala. >> we want
improvised on that day, he has talked about -- he had given that i have a dream earlier in a speech in detroit. it was in the back of his mind. he had not put it in his prepared marks. he was giving more of a policy speech. there had been a lot of talk in the run up to the march about this question, what is it that king should do at this march? should he be more -- should he be talking more policy or should he be preaching? they went in the policy direction until the day and he's standing in...